The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.
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The high energy consumption in buildings is propelling the demand for energy-efficient building materials such as insulating glass windows. The usage of insulating glass windows can help reduce energy losses and result in lower energy consumption, which is a crucial requirement. The heat and light transferred through the glass directly impact the comfort level of the people in the room, apart from affecting the energy costs. Switching to insulating glass windows makes a huge difference in the overall energy consumption. The use of insulating glass windows in residential and commercial buildings can reduce power consumption by almost 50%, thereby proving to be an effective technology for power optimization. Also, the growing trend of rating systems in various countries, such as LEED (Leadership in Energy & Environmental Design) in the US, IGBC Green Ratings in India, and others are likely to contribute to the growth of the insulating glass window market.
North America is expected to dominate the insulating glass window market from 2021 to 2026
North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.
The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.
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